Opportunity Cost Practice
Authored by Ryan McKay
Social Studies
6th - 12th Grade
Used 3+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
the value of the next best option that is not selected when a choice is made.
there is not enough of it.
things people make to earn money.
actions people do to earn money.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Doug has been invited by a friend to go fishing on Friday. His parents are going to a concert. Michael chooses to go fishing with his friend. What is his opportunity cost?
fishing with a friend
going to a concert
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Andrea has planned a trip to the beach for her family on Labor Day. Her daughter has been invited to the mountains by a friend. Her daughter decides to go to the beach. What is her opportunity cost?
a trip to the beach
a trip to the mountains
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Andrea has planned a trip to the beach for her family on Labor Day. Her daughter has been invited to the mountains by a friend. Her daughter decides to go to the beach. What is her opportunity cost?
a trip to the beach
a trip to the mountains
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jason has been asked by his son to go ride 4-wheelers this weekend. His boss has asked him to work overtime and get paid double. Jason chooses to go ride 4-wheelers with his son. What is his opportunity cost?
ride 4-wheelers with his son
work overtime for his boss
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ashton tried our for cheer leading and made the varsity team. She can choose to cheer for football or basketball. She chooses to cheer for football, what is her opportunity cost?
to cheer for football
to cheer for basketball
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Maria brought a salad for lunch today. Aaron is ordering pizza and asks Maria if she would like to order. Maria decides to eat her salad, what is her opportunity cost?
salad
pizza
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